Papua New Guinea Sovereign Wealth Fund

Papua New Guinea N/A
Established: 2011
Transparency Rating: N/A
Origin: Gas
Firm Investment Style: N/A
Entity Structure: N/A

 

Summary
The Papua New Guinea Sovereign Wealth Fund (PNG SWF) will consist of a number of sovereign funds. The legal ownership of the sovereign wealth fund is the Independent State of Papua New Guinea.

The Sovereign Wealth Fund will comprise of sub-funds including:

    Sovereign Wealth Fund Development Fund
    Sovereign Wealth Fund Futures Fund
    Sovereign Wealth Fund Stabilisation Fund
    Sovereign Wealth Fund Management Fund
    Other Sovereign Wealth Funds

Background
The ultimate goal of creating this sovereign wealth fund was to protect the economy and future development of Papua New Guinea by safeguarding resource revenues.

Strategy & Objectives
The objectives of the fund are to support the long-term social and economic development objectives of the State, provides a means of saving for future generations and facilitates the macroeconomic stabilization of the Papua New Guinea budget and economy.

Governance
It will be governed by the Sovereign Wealth Fund Board.

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